Expensive Leasing Terms Are Holding Back EV Uptake
Sep 19, 2022
One major complaint about electric vehicles is that they are too expensive. While EVs were already costlier than comparable internal combustion engine (ICE) cars, carmakers have raised average EV prices to a whopping $66,000 in recent months. Factors such as increasing energy prices, shortages of critical parts and costly raw materials have increased the cost of production, forcing automakers to pass on these extra costs to consumers.
For drivers who are unable or unwilling to part with tens of thousands of dollars to purchase an EV, leasing presents an…
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